Storage facility permit transfer

1. The storage operator and proposed transferee shall notify the commission in writing of any proposed permit transfer. The notice must contain the following: a. The name and address of the person to whom the permit is to be transferred. b. The name of the permit subject to transfer and location of the storage facility and a description of the land within the facility area. c. The date that the storage operator desires the proposed transfer to occur. d. Meet the bonding requirements of section 43-02-14-14. 2. A transfer may only take place after notice and hearing. The transferee shall demonstrate that all requirements of chapter 43-02-14 are complied with. The transferee shall outline necessary permit modifications based on operational changes, if any. 3. Commission review. The commission shall review the proposed transfer to ensure that the purposes of North Dakota Century Code chapter 38-25 are not compromised but are promoted. For good cause, the commission may deny a transfer request, delay on acting on it, and place conditions on its approval. 4. Commission approval required. A permit transfer may occur only upon the commission's written order. The transferor of a permit shall receive notice from the commission that the approved new storage facility operator has met the bonding requirements of section 43-02-14-14.